Rob Monster’s Epik has acquired domain name development company DevRich. The transaction was an all-equity transaction and the valuation was not disclosed.

This is both a talent acquisition and a technology acquisition. Luke Webster, President of DevRich, will become SVP Operations of Epik. He will continue to run DevRich, which will be a division of Epik.

I met Webster and his business partner at DOMAINfest this past January, where they presented in PITCHfest.

DevRich will mass develop your domain names for about $5 each. As Monster points out in a blog post about the acquisition, mass development only gets you so far. The thinking is that by developing your domains on DevRich, you can figure out which ones have the most potential. You can then use some of Epik’s (and DevRich’s) more advanced solutions for product portals and directories to expand your sites.

Last week at the SedoPro event in Key West Monster and JustDropped owner Dan Rubin were glued at the hip. I chatted with both of them about the future of Epik, but assumed the reason they were so tight was that Monster was using JustDropped for catching domains for his Epik network. Apparently it was a little bit closer than that.

Currently JustDropped is an information service with separate drop catching software. But Monster told me this afternoon that the site will add functionality to let individuals make backorders directly through the service.